2007: Naidoo next remarked on the potential of the banking sector and the reforms taking place in Nigeria that consolidated that country’s 85 banks into 25. He noted that only 10% of Nigerians were banked.

2012: Five years later, and 36% of the Nigerian population is now served by the formal financial sector. Analysts at Bain Capital expect the sub-Saharan banking industry to continue growing at 15% annually all the way to 2020.

]]>http://blog.ted.com/10-ways-to-chart-tangible-progress-in-africa-since-2007/feed/6emilytedPremiere: Euvin Naidoo on the Africa You Don’t Knowhttps://www.ted.com/talks/euvin_naidoo_on_investing_in_africa
Wed, 01 Aug 2007 10:30:09 +0000http://blog-staging.ted.com/2007/08/premiere_euvin_1/[…]]]>In the talk that opened TEDGlobal 2007 (“Africa: The Next Chapter”), South African investment banker Euvin Naidoo sets the scene, framing the conversation that would unfold over the four-day event. “What’s the worst thing you’ve heard about Africa?” he asks. After fielding call-outs of “famine,” “war,” “corruption,” he urges the audience to move past these preconceptions and see the broader picture of the African continent — large, diverse, full of potential — and shows why investing in Africa can make great business sense. (Recorded June 2007 in Arusha, Tanzania. Duration: 19:13.)